Containerships plc STOCK EXCHANGE RELEASE

22nd-September-2016

Stock release from Containerships plc

Result of written procedure
At the request of Containerships plc (the “Issuer”) Nordic Trustee Oy acting as trustee (the “Trustee”) for the Issuer’s up to EUR 70,000,000 senior secured callable bond loan 2015/2019 with ISIN FI4000148804 (the “Bonds”) has on 2 September 2016 issued a notice for a written procedure where the Issuer has requested certain amendments of the terms and conditions for the Bonds and certain amendments of a security agreement in respect of certain accounts pledged as security for the secured obligations under the Bonds. The voting period has now expired with the result that the holders of the Bonds have approved the requested amendments. Attached are the new approved terms and conditions for the Bonds (Schedule 1) and the new approved security agreement in respect of the accounts pledged as security for the secured obligations under the Bonds (Schedule 2).

The information is of such character, which Containerships plc shall disclose pursuant to EU Market Abuse Regulation and the Act on Trading with Financial Instruments (748/2012, as amended). The information was distributed for disclosure, through the contact person set out above, at 8:00 a.m. EEST on 22. September 2016.